;

Survivorship Life Insurance

Life insurance terminology shouldn't be confusing. Here is the definition of survivorship life insurance.

Survivorship life insurance

A permanent life policy designed to cover two insureds that pays a death benefit when the second insured dies. This is often purchased to protect heirs from paying estate taxes. Also known as "second-to-die insurance." The underwriting is more lenient than for individual policies, meaning it can sometimes be used by couples to buy life insurance when one half of the couple would otherwise be uninsurable.

pgLogoBlack

50 West 23rd Street, Floor 9

New York, NY 10010

24/7 - Available when you need us

Monday-Thursday | 9am-11pm ET
Friday | 9am-8pm ET
Saturday | 9am-9pm ET
Sunday | 10am-9pm ET

  • facebook
  • twitter
  • linkedin
  • googlePlus
  • pinterest

Copyright PolicyGenius © 2014-2018

22 West 19th St, Floor 8
New York, NY 10011

madeInNynorton